PANews reported on January 14 that Norman Reed, interim CEO of Binance.US, said in an interview that the SEC had accused the company of being a "fraud pot" without evidence and cut off its banking relationships and US dollar fiat channels, resulting in customer loss, capital outflow and large-scale layoffs. Currently, Binance.US is gradually resuming its US dollar fiat currency services and plans to recover strongly. Reed criticized the SEC's behavior as similar to "Operation Stifle 2.0", but he is confident in the company's future.